David Szybunka Predictions

Portfolio Manager, Canoe Financial

Track David Szybunka's public market predictions and forecast accuracy. Each prediction is recorded from the date it was published to its estimated deadline, then graded correct or wrong based on the outcome.

17 forecasts 17 pending

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17 forecasts

Person Subject Forecast* Source Date Deadline** Outcome

David Szybunka Tourmaline Oil Tourmaline Oil (TOU.TO) is at its highest ever vulnerability to a takeover bid

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[3:39] I think they've never been this vulnerable right now to to a bit. And I think this resource is really attractive um to anyone looking at more than the next 12 18 months

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

In the Money 2026-09-29 2028-03-29 pending

David Szybunka North American Natural Gas North American natural gas is mispriced and will re-rate higher over time as demand inflections arrive around 2028-2030

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[8:02] our call is this resource is mispriced it's really mispriced relative to what's going on and I think there's multiple ways to win on that over time

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

In the Money 2026-09-29 2030-12-31 pending

David Szybunka Eqt Corp EQT Corp will benefit from the same natural gas mispricing thesis as Tourmaline and will re-rate higher over the coming years

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[7:35] you got it same stuff different jurisdiction and it kind of ties to these are the big boys doing multi-year deals on a contracted brave basis with the utilities with the power guys with the Amazons the Metas the Nvidias like these are the guys that are investment grade that are going to be positioning um for a multi-year thematic there

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

In the Money 2026-09-29 2028-09-29 pending

David Szybunka Athabasca Oil Athabasca Oil (ATH.TO) has its highest-ever probability of being acquired, driven by cash-rich acquirers and improving sector conditions

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[11:07] I've never felt like there's a higher probability for something to happen today given that whole multiple things happening across the cash and the debt and the pools of capital and the Strath Konas and all these players that are kind of in our backyard and they're cashed up and they're in good spots and the pipelines are opening up

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

In the Money 2026-09-29 2028-09-29 pending

David Szybunka Athabasca Oil Athabasca Oil's valuation discount to peers will close over time as the market recognizes its superior resource longevity

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[9:44] I look at their ass and I want to own it for the next 5 10 years just myself in the world of resource scarcity because they have some of the best plays but that longevity of the resource is really mispriced. The market and analysts are focused on well this trades at seven times and the peer group trades at six. I think that's really wrong because of that multi-year thematic of they have 50 to 70 years of resource versus other guys have 10 to 20. So I think that that ARB will get closed over time.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

In the Money 2026-09-29 2031-09-29 pending

David Szybunka Slb SLB will significantly outperform the S&P 500 on a relative basis over a multi-year period as the energy services spending cycle accelerates

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[15:56] Go pull a relative performance of SLB versus the S&P. The party hasn't started. And that's where if we are at the start of the spending cycle and you start thinking through how an energy manager maneuvers through that, you start up cap and then you start moving to other subsectors and other areas like intermediates over the cycle. So services could have their day in the sun where they really benefit you um on a multi-year basis as you kind of ride that wave up.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

In the Money 2026-09-29 2029-09-29 pending

David Szybunka Energy Services Sector Energy services companies will outperform as a sector tailwind builds from this point, having not yet had their relative outperformance cycle

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[15:29] I think all of that in a mixer is going to be a tailwind for service from this juncture. I think for energy in general, yes, energy is up, but on a relative basis, how is it done? And we haven't had our day in the sun yet.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

In the Money 2026-09-29 2028-09-29 pending

David Szybunka Energy Sector Energy sector capital spending budgets for 2027 will be higher than 2026 budgets

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[12:41] as we go into 2027 budgets versus 2026, I think we're biased to just say the budgets are going to be up to some degree.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

In the Money 2026-09-29 2027-03-31 pending

David Szybunka Energy Sector The energy sector will continue to outperform and has not yet had its 'multi-year thematic day in the sun', with the cycle having roughly 9 more years to run

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[4:17] we're kind of six years into a 15ear cycle. And what I would say to you is if I just tried to take a step back and I'm an energy guy looking at the major themes on the year, there's massive geopolitical risk going on... And the other major theme that I see lasting quarters and years is energy demand tied to AI and technology... energy is 3.8% of the S&P 500 as a waiting. So it's still quite low and we haven't had our multi-year thematic day in the sun.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

In the Money 2026-09-29 2031-09-29 pending

David Szybunka Energy Sector The energy sector is entering the 'optimism' stage of its multi-year cycle, implying further gains ahead

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[6:49] I think we're near the start of that optimism wave like not the start like we are in the start of the optimism wave.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

In the Money 2026-09-29 2028-09-29 pending

David Szybunka Canadian Energy Equities Canadian energy equities will continue to outperform US energy equities

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[11:49] Canada's been outperforming the US for four or five years, Canadian energy equities relative to the US. And so people have continued to be negative Canada, but I've been on the road going the stocks are actually doing okay. And in fact, the stocks are actually outperforming.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

In the Money 2026-09-29 2027-09-29 pending

David Szybunka Energy M&A Energy sector M&A activity will accelerate significantly over the next 1-5 months

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[16:40] We are teeing up for more M&A. It's coming. And the divergence of performance is setting that up... I think M&A as a theme is going to be very thematic as we play out the next 1 2 3 4 5 months.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

In the Money 2026-09-29 2027-02-28 pending

David Szybunka Natural Gas (Large-Cap Producers) Large-cap natural gas producers are undervalued and will rerate higher as super majors and global capital flow into the sector

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[21:31] The natural gas resource for the big boys is massively priced in the hole relative to what's going on... So we are putting chips in big boy natural gas resource. That's where the super majors are going to go. That's where the big contracts are.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

In the Money 2026-09-29 2027-09-29 pending

David Szybunka Tourmaline Oil Tourmaline Oil is vulnerable to a takeover bid

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[0:32] Oh my god. I think they've never been this vulnerable right now. Two of them... He explains why he thinks North American natural gas resources are mispriced, why Tourmaline could be vulnerable to a bid

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

In the Money 2026-09-29 2027-09-29 pending

David Szybunka Tamarack Valley Energy Tamarack Valley Energy will reach a market cap above $10 billion

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[36:44] The Tamarack's going to be through $10 billion here. So again, when you think about there was 30 companies in Canada over $2 billion at the end of the last cycle. Today there's under 15 and you start thinking about flow of funds that haven't got your trade yet. Um these are areas that can really benefit through the cycle over time.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

In the Money 2026-09-29 2028-09-29 pending

David Szybunka Large-Cap Energy Companies (Shareholder Returns) Large-cap energy companies will reduce shareholder returns (buybacks/dividends) while increasing M&A and capital spending

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[32:50] I don't think it turns on a dime. I don't think shareholder returns go to zero, but I think they go down. M&A picks up, spending goes up. I think some combination of those three things are how we're looking at it.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

In the Money 2026-09-29 2027-09-29 pending

David Szybunka Energy Sector (Power Names) Power sector names, currently down 25-35% on the year, will recover as a demand-push theme tied to AI and energy needs

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[21:56] buying power names down 25 to 35% on the year, buying long life natural gas resource that's really pricing the hole as global super majors are pivoting back

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

In the Money 2026-09-29 2027-09-29 pending